$2,000,000 Yacht Financing Secured for Vancouver Charter Company’s Fleet Expansion

Client: Vancouver-Based Charter Operator Fleet Expansion via Cross-Border Yacht Acquisition 

Loan Amount: $2,000,000 

Loan-to-Value: 65%

An established party yacht operator in Vancouver identified a unique opportunity to import a high-demand charter vessel from Miami to expand their fleet. The acquisition promised to boost revenues during the city’s busy summer rental season. Despite the client’s strong performance history and proven charter income, traditional lenders were reluctant to provide yacht financing, especially for a cross-border marine asset based in the U.S.

The client required a $2,000,000 loan to secure the vessel quickly and capitalize on peak seasonal demand. Timing was critical—delays would risk losing the yacht to another buyer and compromise summer revenue potential.

Given the complexity and urgency of the transaction, Syndicate Lending Corporation sourced a bespoke yacht financing solution through a marine-specialist lender. The package was structured as a first-charge marine mortgage on the newly acquired vessel, assessed on the strength of the client’s business model and consistent charter revenues rather than traditional collateral requirements.

The product offered a fixed interest rate of 7%, with the client contributing just 35% as a down payment. SLC coordinated an expedited appraisal, contract review, and underwriting process, securing lender approval and closing the loan within three weeks.

The result was a seamless acquisition. The yacht was delivered from Miami and integrated into the Vancouver fleet in time for peak season. Within two months, bookings for the new vessel had doubled, fuelled by pent-up demand and aggressive marketing funded by preserved working capital. The expansion solidified the company’s market position as a leader in luxury charter experiences.

With extensive experience in yacht financing, marine mortgage lending, and access to a robust network of specialty lenders, Syndicate Lending Corporation delivered a tailored, timely solution that met both the client's needs and timeline.

Discover how we’ve helped clients secure the funding they needed by exploring our case studies. Visit our services page to see everything we can do for you.

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